In the rapidly evolving landscape of cloud technology, Oracle has taken a significant step forward by enhancing its generative AI capabilities. With the emergence of AI-driven solutions like chatbot ChatGPT in November 2022, the demand for cloud computing services has surged. This has compelled Oracle to integrate generative AI features into its existing infrastructure and
Enterprise
The tech industry has recently experienced a wave of layoffs despite the blockbuster earnings reported by big players like Alphabet and Microsoft. In 2023 alone, more than 263,000 jobs were lost, and by April 2024, the number had already reached 75,000. This trend of job cuts has raised concerns among industry experts like Jeff Shulman
As we reflect upon the tumultuous year of 2022, marked by brands cutting back on advertising expenditure due to inflation, and the subsequent challenges faced in the year 2023 with layoffs and cost reductions, we witness a surprising turnaround in the fortunes of leading digital advertising companies. Meta, Snap, and Google recently released their first-quarter
Former Tesla executive Drew Baglino recently announced his resignation from the electric vehicle company. Along with his departure, it was revealed that Baglino sold shares in Tesla worth approximately $181.5 million. This news came from a filing with the SEC, indicating that Baglino is parting ways with about 1.14 million shares of the company. The
The recent Meta earnings call started with Mark Zuckerberg discussing the advancements in artificial intelligence. Moving on to the metaverse, he highlighted the company’s headsets, glasses, and operating system. Surprisingly, the majority of his opening remarks were centered around the various ways Meta is losing money. Despite reporting better-than-expected profit and revenue for the first
SK Hynix, a South Korean memory chipmaker, has recently made a comeback in the first quarter, reporting a net profit of 1.92 trillion South Korean won. This marks a significant turnaround from the loss of 2.58 trillion won they experienced in the same period a year ago. In the first quarter, SK Hynix recorded a
Recently, U.S. prosecutors have recommended a sentence above the standard guidelines for the former CEO of cryptocurrency exchange Binance. The proposed 36-month prison term for Zhao is significantly higher than the 12 to 18-month range typically suggested under advisory guidelines. Prosecutors argue that a longer sentence is necessary to emphasize the severity of Zhao’s alleged
Jack Dorsey, the CEO of Block (formerly Square), has recently announced that the payments company is broadening its bitcoin mining efforts. Moving beyond just designing chips, Block is now developing a full bitcoin mining system. The company revealed that it has completed the development of its own standalone three-nanometer bitcoin mining chip and is currently
Oracle Chairman Larry Ellison made a groundbreaking announcement that the tech giant is relocating its world headquarters to Nashville, Tennessee. The decision was driven by Nashville’s emergence as a major health-care epicenter. Ellison highlighted Nashville’s reputation as an established health center and a desirable place to live, particularly for Oracle employees. By strategically positioning its
The Philippines’ Securities and Exchange Commission (SEC) has taken a strong stance against cryptocurrency exchange Binance, ordering Google and Apple to remove the platform from their app stores. This move comes after the regulator raised concerns about Binance offering unregistered securities to Filipinos and operating as an unregistered broker, in violation of the country’s securities